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InsideHoops.com NewsWire: The Miami Heat announced today that General Manager Randy Pfund has signed a contract extension. Per club policy, terms of the deal were not disclosed.

Pfund has just completed his 12th year with the HEAT organization. During his tenure the HEAT have produced one NBA championship (2006), 10 postseason berths, seven division titles and the fifth best record in the NBA (551-401, .579 winning percentage) and the second best mark in the Eastern Conference. Additionally, Miami’s seven division championships since 1996-97 are the most in the NBA during that span and Miami’s streak of three straight division titles ties the HEAT with Detroit and Phoenix for the longest current streak of division titles.

Together with HEAT President and Head Coach Pat Riley, Pfund has orchestrated several blockbuster trades and free agent signings that have provided the HEAT’s cornerstone for success the past dozen years. Pfund has played a key role in the acquisitions of All-Stars Shaquille O’Neal, Alonzo Mourning, Tim Hardaway, Eddie Jones and Antoine Walker via the trade route and has also had a prominent impact on the drafting of All-Stars Dwyane Wade and Caron Butler since arriving in Miami. His keen eye for talent has also led to the signing of such unheralded players such as Udonis Haslem, Bruce Bowen and Isaac Austin who have all made key contributions to Miami’s success these past 12 years.